Hapoalim will distribute a dividend of 618 million shekels on 2020 profits – the maximum allowed by the Bank of Israel. After Israeli banks froze dividend distribution due to the outbreak of the Covid pandemic, Bank Hapoalim (TASE: POLI) became the first local bank to announce the resumption of dividend payments. Hapoalim will distribute a dividend of 618 million shekels on 2020 profits – the maximum allowed by the Bank of Israel. Profits will be distributed on August 18th. This is the first time since the first quarter of 2018 that Hapoalim has distributed a dividend. Last month, the Bank of Israel gave its approval to pay out a dividend of up to 30% of net profit in 2020, although instructions for a capital adequacy cut remain in effect until September. Published by Globes, Israel business news – en.globes.co.il – August 1, 2021 © Copyright Globes Publisher Itonut (1983) Ltd. 2021 Bank Hapoalim Photo: Eyal Fisher
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